January 15, 2021
Kerala Finance Minister Thomas Isaac
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Additional expenditures at ₹ 1,164 cr; revenue mop-up at ₹ 200 cr
Kerala Finance Minister Thomas Isaac has presented a Covid-dented State budget for 2021-22 that provides for additional expenditures of ₹ 1,164 crore and tax concessions of ₹ 191 crore against additional revenue mobilisation of just ₹ 200 crore, leaving a cumulative deficit of ₹ 1,306.69 crore.
Isaac presented his 12th overall and the last budget of the Pinarayi Vijayan government on Friday which observers dubbed as an election-oriented one. The jobs-welfare-doles theme rang loud and clear in the budget after it earned a swashbuckling win for the ruling Left Democratic Front in elections to the local bodies held in December. Assembly elections are due in next four months.